Betting on 'casino capitalism'

Link to the article: Channel 4

Last Modified: 30 Mar 2009
By: Faisal Islam

Is funding a deregulated system the real reason behind the global crash? Channel 4 news looks at whether the financial gamble is the real recession villain.

Britain may have Sir Fred Goodwin to demonise but for much of the world "casino capitalism'" is to blame.

The financial system where gambling on large bets took over the job of markets allocating money to productive parts of the economy is at the centre of the global recession blame game.

Is there a consensus on the part this system played in the crash and can world leaders agree a plan to fix it?